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15261 Gratiot Ave
Detroit, MI 48205
Comerica Bank · Retail Property For Sale
Investment Highlights
- Close proximity to Eight Mile Road, ensuring strong regional connectivity and access.
- Well-established corridor supporting ongoing retail and service demand.
- Surrounded by dense residential neighborhoods and daily commuter traffic.
Executive Summary
This asset represents a prime ownership opportunity in a heavily trafficked Detroit corridor anchored by Gratiot Avenue and its regional arterial network. Its location near Eight Mile enhances strategic positioning, connecting it to multiple Detroit neighborhoods and the northern suburban trade areas.
The surrounding market includes a broad mix of retail, financial institutions, and service-based businesses that drive steady consumer activity. Future ownership offers demographic depth and accessibility to regional highways, making this property a strong option for owner-occupants or investors seeking a stable asset in a high-exposure location with long-term tenant appeal.
The surrounding market includes a broad mix of retail, financial institutions, and service-based businesses that drive steady consumer activity. Future ownership offers demographic depth and accessibility to regional highways, making this property a strong option for owner-occupants or investors seeking a stable asset in a high-exposure location with long-term tenant appeal.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Bank
Building Size
5,397 SF
Building Class
C
Year Built
1958
Price
$850,000
Price Per SF
$157.49
Tenancy
Single
Building Height
1 Story
Building FAR
0.38
Lot Size
0.33 AC
Zoning
B4
Parking
22 Spaces (4.63 Spaces per 1,000 SF Leased)
Frontage
104’ on Gratiot Ave
Amenities
- Pylon Sign
- Drive Thru
Property Taxes
| Parcel Number | 21-029210 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $220,500 |
Property Taxes
Parcel Number
21-029210
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$220,500
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